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Following the Federal Reserve's 25 basis point rate increase to 3.75%-4.00%, tech companies with fortress balance sheets, robust cash flow, and recurring revenue are better equipped to handle higher borrowing costs. Nvidia, Fortinet, Alphabet, Microsoft, and Apple stand out due to their exceptional liquidity, strong cash generation, and ability to fund growth internally.
Ten-year Treasury yields near 5% could pressure growth-heavy QQQ, putting value ETFs in focus as rate risks rise.
B of A Securities analyst Wamsi Mohan reiterates Apple (NASDAQ:AAPL) with a Buy and maintains $370 price target.
BofA reiterates Buy on Apple (AAPL) with a $370 price forecast, citing strong carrier trade-in promos and edge AI upgrade potential.
Generac signed a long-term agreement with Amazon to supply backup generators for its data centers, with initial deliveries totaling $2.4 billion in 2027-2028 and potential additional purchases reaching $8 billion through 2033. Amazon received a warrant for up to 1.69 million Generac shares. The deal supports Amazon's expanding AI infrastructure needs, with Generac stock surging 20% on the announcement.
https://www.aboutamazon.com/news/aws/amazon-connect-ai-business-set